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20121129
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. we'll see what the rest of the industry has to say. but it's giving us a guide. mohamed morsi is to meet to halt violent protests. here's the latest from cairo. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially has the authority to legislate and that is not subject to any type of judicial review pl opponents say it amounts to a dinlg at a time tore ship and this is what they fought against two years ago. but supporters say he must take these drastic measures in order to ram home reforms being blocked that have hijacked egypt's judiciary. ross. >> all right. latest from cry row. meanwhile israeli defense minister barack has resigned, a surprise mo
by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the president mohamed morsi to take control of the country and ram pole their agenda at the expense of secular forces like those that have gathered behind my. >> neil sheering still with us. investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transit
that we really have no discussion on. >> i think the egyptian president morsi, it's in his interests to make sure hamas complies by the broad agreement that's been released. and i think the israelis will certainly be eager for a prolonged period of time. at least get them to january 22 and well beyond that. i think there is skepticism also and in gaza, but the arab world has changed and there is a chance that there could be a prolonged period of peace or relative quiet down on the gaza front. >> how significant is it the cease fire has been negotiated with sort of the new authorities bunkering in egypt. p. >> it's incredibly important. mubarak with the last truce in 2009, but no relationship with hamas. morsi has a strong relationship with hamas. has mass hamas is a part of the muslim brotherhood world and the fact he's out there backing the truce gives it much more weight than the previous documents. i think the test for hamas will be whether it can rein in the smaller factions that have sprouted up in gaza that are more radical than itself. and it will be eager to prevent missiles
Search Results 0 to 2 of about 3